Prelims 2023 · Economy · Question 68
Consider the following statements: Statement-I: India accounts for 3.2% of global export of goods. Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India's 'Production-linked Incentive' scheme. Which one of the following is correct in respect of the above statements?
Answer
Statement-I is incorrect but Statement-II is correct
Statement-I: Incorrect. India’s share in global merchandise exports has generally been around 1.7%–1.9%, not 3.2%. The 3.2% figure is closer to India’s share in global services exports, not goods exports. Verdict: Incorrect.
Statement-II: Correct. Many Indian firms and some foreign firms operating in India have indeed availed benefits under the PLI scheme in sectors such as electronics, pharmaceuticals, telecom, etc. Verdict: Correct.
Therefore: Statement-I is incorrect but Statement-II is correct. Answer: (d).